Common use of Continued insurance benefits Clause in Contracts

Continued insurance benefits. Provided that the Eligible Employee elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay the portion of premiums of each Eligible Employee's group medical, dental and vision coverage, including coverage for the Eligible Employee's eligible dependents, that the Company paid prior to the Covered Termination, for eighteen (18) months; provided, however, that no such premium payments shall be made following the effective date of the Eligible Employee's coverage by a medical, dental or vision insurance plan of a subsequent employer. Each Eligible Employee shall be required to notify the Company immediately if the Eligible Employee becomes covered by a medical, dental or vision insurance plan of a subsequent employer. No provision of this Plan will affect the continuation coverage rules under COBRA, except that the Company's payment of any applicable insurance premiums during the Continuation Period will be credited as payment by the Eligible Employee for purposes of the Eligible Employee's payment required under COBRA. Therefore, the period during which an Eligible Employee must elect whether or not to continue the Company's group medical, dental or vision coverage under COBRA, the length of time during which COBRA continuation coverage will be made available to the Eligible Employee, and all other rights and obligations of the Eligible Employee under COBRA will be applied in the same manner that such rules would apply in the absence of this Plan. At the conclusion of the Continuation Period, the Eligible Employee will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 4(c), applicable premiums that will be paid by the Company during the Continuation Period shall not include any amounts payable by the Eligible Employee under a Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of the Eligible Employee.

Continued insurance benefits. Provided that the Eligible Employee Executive elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay the portion of premiums of each Eligible Employeefor Executive's group medical, dental and vision coverage, including coverage for the Eligible EmployeeExecutive's eligible dependentsdependents for the Continuation Period or, that the Company paid prior to the Covered Terminationif shorter, for eighteen (18) monthsthe duration of the COBRA continuation period; provided, however, that no such premium payments shall be made following the effective date of the Eligible EmployeeExecutive's coverage by a medical, dental or vision insurance plan of a subsequent employer. Each Eligible Employee Executive shall be required to notify the Company in writing immediately if the Eligible Employee Executive becomes covered by a medical, dental or vision insurance plan of a subsequent employer. No provision of this Plan Agreement will affect the continuation coverage rules under COBRA, except that the Company's payment of any applicable insurance premiums during the Continuation Period will be credited as payment by the Eligible Employee Executive for purposes of the Eligible EmployeeExecutive's payment payments required under COBRA. Therefore, the period during which an Eligible Employee must Executive elect whether or not to continue the Company's group medical, dental or vision medical coverage at his own expense under COBRA, the length of time during which COBRA continuation coverage will be made available to the Eligible EmployeeExecutive, and all other rights and obligations of the Eligible Employee Executive under COBRA (except the obligation to pay insurance premiums that the Company pays during the Continuation Period) will be applied in the same manner that such rules would apply in the absence of this PlanAgreement. At the conclusion of the Continuation Period, the Eligible Employee will Executive shall be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 4(c2(b), applicable premiums that will be paid by the Company during the Continuation Period shall not include any amounts payable by the Eligible Employee Executive under a Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of the Eligible EmployeeExecutive.

Continued insurance benefits. Provided that the Eligible Employee elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), the Company shall pay the portion of premiums of each the Eligible Employee's ’s group medical, dental and vision coverage, including coverage for the Eligible Employee's ’s eligible dependents, that the Company paid prior to the Covered Termination, for eighteen the Continuation Period or such earlier date that the Eligible Employee (18or his or her dependents) months; providedceases to be eligible for such coverage. In addition, however, that in no event will such premium payments shall be made following the effective date of that the Eligible Employee's coverage by a Employee becomes eligible for group medical, dental or vision insurance plan of coverage through a subsequent employer. Each The Eligible Employee shall be required to notify the Company immediately if the Eligible Employee becomes eligible to be covered by a group medical, dental or vision insurance plan of a subsequent employer. No provision of this Plan will affect the continuation coverage rules under COBRA, except that the Company's ’s payment of any applicable insurance premiums during the Continuation Period will be credited as payment by the Eligible Employee for purposes of the Eligible Employee's ’s payment required under COBRA. Therefore, the period during which an Eligible Employee must may elect whether or not to continue the Company's ’s group medical, dental or vision coverage under COBRA, the length of time during which COBRA continuation coverage will be made available to the Eligible Employee, and all other rights and obligations of the Eligible Employee under COBRA will be applied in the same manner that such rules would apply in the absence of this Plan. At the conclusion of the Continuation Period, the Eligible Employee will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 4(c4(b), (i) references to COBRA shall be deemed to refer also to analogous provisions of state law and (ii) any applicable insurance premiums that will be are paid by the Company during the Continuation Period shall not include any amounts payable by the Eligible Employee under a an Internal Revenue Code Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of the Eligible Employee.

Continued insurance benefits. Provided that the Eligible Employee Executive elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay the portion of premiums of each Eligible EmployeeExecutive's group medical, dental and vision coverage, including coverage for the Eligible EmployeeExecutive's eligible dependents, that the Company paid prior to the Covered Termination. The number of months of such premium payments shall equal the number of months of salary continuation payments pursuant to Section 2.2 above, but in no event shall such premium payments be made for a period exceeding eighteen (18) months; provided, however, that no such premium payments shall months or be made following the effective date of the Eligible EmployeeExecutive's coverage by a medical, dental or vision insurance plan of a subsequent employer. Each Eligible Employee Executive shall be required to notify the Company immediately if the Eligible Employee Executive becomes covered by a medical, dental or vision insurance plan of a subsequent employer. No provision of this Plan Agreement will affect the continuation coverage rules under COBRA, except that the Company's payment of any applicable insurance premiums during the Continuation Period period of salary continuation will be credited as payment by the Eligible Employee Executive for purposes of the Eligible EmployeeExecutive's payment required under COBRA. Therefore, the period during which an Eligible Employee Executive must elect whether or not to continue the Company's group medical, dental or vision medical coverage at Executive's own expense under COBRA, the length of time during which COBRA continuation coverage will be made available to the Eligible EmployeeExecutive, and all other rights and obligations of the Eligible Employee Executive under COBRA (except the obligation to pay insurance premiums that the Company pays during the period of salary continuation) will be applied in the same manner that such rules would apply in the absence of this PlanAgreement. At the conclusion of the Continuation Periodperiod of salary continuation during which the Company will pay a portion of the premiums for Executive's group medical, the Eligible Employee dental and vision coverage, Executive will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 4(c)2.4, applicable premiums that will be paid by the Company during the Continuation Period shall not include any amounts payable by the Eligible Employee Executive under a Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of the Eligible EmployeeExecutive.